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Massachusetts Institute of Technology (MIT), Department of Economics

Working papers

Contact information of Massachusetts Institute of Technology (MIT), Department of Economics:
Postal: MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA
Phone: (617) 253-3361
Fax: (617) 253-1330
Web page: http://econ-www.mit.edu/
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Postal: MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA
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For technical questions regarding this series, please contact (Linda Woodbury)
Series handle: repec:mit:worpap

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1999

99-31 Estimation of Limited-Dependent Variable Models with Dummy Endogenous Regressors: Simple Strategies for Empirical Practice
by Joshua Angrist
99-30 How Large are the Social Returns to Education? Evidence from Compulsory Schooling Laws
by Daron Acemoglu & Joshua Angrist
99-29 Productivity Gains from Unemployment Insurance
by Daron Acemoglu & Robert Shimer
99-28 Certification of Training and Training Outcomes
by Daron Acemoglu & Joern-Steffen Pischke
99-27 Democratization or Repression?
by Daron Acemoglu & James Robinson
99-26 A Theory of Political Transitions
by Daron Acemoglu & James Robinson
99-25 Minimum Wages and On-the-Job Training
by Daron Acemoglu & Steve Pischke
99-24 Land Reforms: Prospects and Strategies
by Abhijit Banerjee
99-23 Emerging Market Crises: An Asset Markets Perspective
by Ricardo Caballero & Arvind Krishnamurthy
99-22 The Cost of Recessions Revisited: A Reverse-Liquidationist View
by Ricardo Caballero & Muhamad Hammour
99-21 Can Work-Sharing Work?
by David Spector
99-20 The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks’ Balance Sheets
by Francesco Giavazzi
99-19 Empirical Implications of Equilibrium Bidding in First-Price, Symmetric, Common Value Auctions
by Rob Porter
99-18 Innovation and the Emergence of Market Dominance
by Susan Athey & Armin Schmutzler
99-17 Optimal Collusion with Private Information
by Susan Athey & Kyle Bagwell
99-16 Instrumental Variables Estimates of the Effect of Subsidized Training on the Quantiles of Trainee Earnings
by Alberto Abadie & Joshua Angrist & Guido Imbens
99-15 Conditional Moment Restrictions in Censored and Truncated Regression Models
by Whitney Newey
99-14 Reputation Effects and the Limits of Contracting: A Study of the Indian Software Industry
by Abhijit Banerjee & Esther Duflo
99-13 Is it Possible to Redistribute the Gains from Trade Using Income Taxation?
by David Spector
99-12 Information and Competition in U.S. Forest Service Timber Auctions
by Susan Athey & Jonathan Levin
99-11 A New Specification Test for the Validity of Instrumental Variables
by Jinyong Hahn & Jerry Hausman
99-10 Social Security Investment in Equities I: Linear Case
by Peter Diamond & John Geanakoplos
99-09 Rational debate and one-dimensional conflict
by David Spector
99-08 Efficiency IV Estimation for Autoregressive Models with Conditional Heterogeneity
by Guido M. Kuersteiner
99-07 Optimal Instrumental Variables Estimation for ARMA Models
by Guido M. Kuersteiner
99-06 Two-Step Estimation, Optimal Moment Conditions, and Sample Selection Models
by Whitney K. Newey & Powell, James L.
99-05 Choosing the Number of Instruments
by Donald, Stephen G. & Whitney Newey
99-04 Two Step Series Estimation of Sample Selection Models
by Whitney Newey
99-03 Nonparametric Estimation with Nonlinear Budget Sets
by Soren Blomquist & Whitney Newey
99-02 Flexible Simulated Moment Estimation of Nonlinear Errors-in-Variables Models
by Whitney Newey
99-01 Product Prices and the OECD Cycle
by Jaume Ventura

1998

98-24 The Value of Information In Monotone Decision Problems
by Susan Athey & Jonathan Levin
98-23 Collusion and Price Rigidity
by Susan Athey & Kyle Bagwell & Chris Sanchirico
98-22 Empowerment and Efficiency: The Economics of Agrarian Reform
by Abhijit Banerjee & Paul J. Gertler & Maitreesh Ghatak
98-21 Network Effects and Welfare Cultures
by Sendhil Mullainathan & Marianne Bertrand & Erzo F.P. Luttmer
98-20 Executive Compensation and Incentives: The Impact of Takeover Legislation
by Sendhil Mullainathan & Marianne Bertrand
98-19 Is there Discretion in Wage Setting? A Test Using Takeover Legislation
by Sendhil Mullainathan & Marianne Bertrand
98-18 Emerging Market Crises: An Asset Markets Perspective
by Ricardo Caballero & Arvind Krishnamurthy
98-17 Undersmoothing and Bias Corrected Functional Estimation
by Whitney Newey & Fushing Hsieh & James Robins
98-16 Nonparametric Estimation of Triangular Simultaneous Equations Models
by Whitney Newey & James Powell & Francis Vella
98-15 TFP Difference
by Daron Acemoglu & Fabrizio Zilibotti
98-14 Holdups and Efficiency with Search Frictions
by Daron Acemoglu & Robert Shimer
98-13 Consequences of Employment Protection? The Case of the Americans with Disabilities Act
by Daron Acemoglu & Joshua Angrist
98-12 Beyond Becker: Training in Imperfect Labor Markets
by Daron Acemoglu & Joern-Steffen Pischke
98-11 Improper Churn: Social Costs and Macroeconomic Consequences
by Ricardo Caballero & Muhammad Hammour
98-10 What Prices Can Tell Us about the Market for Antibiotics
by Sara Fisher Ellison
98-9 Comparative Advantage and the Cross-Section of Business Cycles
by Jaume Ventura
98-8 LAPM: A Liquidity Based Asset Pricing Model
by Bengt Holmstrom & Jean Tirole
98-7 Empirical Strategies in Labor Economics
by Joshua Angrist & Alan Krueger
98-6 Nonparametric Estimation of Triangular Simultaneous Equations Models
by Whitney K. Newey & James L. Powell & Francis Vella
98-5 The Palestinian Labor Market Between the Gulf War and Autonomy
by Joshua Angrist
98-4 Wald Revisited: The Optimal Level of Experimentation
by Giuseppe Moscarini & Lones Smith
98-3 Information, Authority and Internal Governance of the Firm
by Robin E. Wells
98-2 Mentoring and Diversity
by Susan Athey
98-1 Nonlinear Aggregate Investment Dynamics: Theory and Evidence
by Ricardo J. Caballero

1997

97-2b Assortative Matching and Search
by Shimer, R. & Smith, L.
97-13 The Leontief-Trefler Hypothesis and Factor Price Insensitivity
by Repetto, A. & Ventura, J.
97-26 Why Some Firm Export
by Berbard, A.
97-25 Efficient Wage Dispersion
by Acemoglu, D. & Shimer, R.
97-24 The Structure of Wages and Investment in General Training
by Acemoglu, D. & Pischke, J.S.
97-23 Why Did West Extend the Franchise? Democracy, Ineqiality and Growth in Historical Perspective
by Acemoglu, D. & Robinson, J.
97-22 Informational Herding and Optimal Experientation
by Smith, L. & Sorensen, P.
97-21 Exceptional Exporter Performance: Cause, Effect, or Both?
by Bernard, A.
97-20 Aggregaete Investment
by Cabalero, R.J.
97-19 Integrating Punishment and Efficiency Concerns in Punitive Damages for Reckless Disregard of Risks to Others
by Diamond, P.A.
97-18 Jobless Growth: Appropriability, Factor-Substitution, and Unemployment
by Caballero, R.J. & Hammour, M.L.
97-17 Efficiency Effects of Punitive Damages
by Peter Diamond
97-16 Efficiency Effects of Punitive Damages
by Diamond, P.
97-15 Observations and Conjectures on the U.S. Employment Miracle
by Krueger, A. & Pischke, J.S.
97-14 Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality
by Acemoglu, D.
97-13b Gradual Incorporation of Information into Stock Prices: Empirical Strategies
by Ellison, S.F. & Mullin, W.S.
97-12 Current Acounts in Debtor and Creditor Countries
by Kraay, A. & Ventura, J.
97-11 Sigle Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information
by Athey, S.
97-10 Rationing Medical Care: An Economist's Perspective
by Diamond, P.
97-9 Efficient Unemployment Insurance
by Acemoglu, D. & Shimer, R.
97-8 The Labor Market and Corporate Structure
by Acemoglu, D. & Newman, A.F.
97-7 Efficient Wage Dispersion
by Acemoglu, D. & Shimer, R.
97-6 Setting Standards: Information Accumulation in Development
by Acemoglu, D. & Zilibotti, F.
97-5 Time Consistent Optimal Stopping
by Smith, L.
97-4 A Theory of Misgovernance
by Banerjee, A.V.
97-3 The Sugar Institute Learns to Organize Information Exchange
by Genesove, D. & Mullin, W.
97-2a Assortative Matching and Search
by Shimer, R. & Smith, L.
97-1 A Graphical Depiction of the Rubinstein-Stahl Bargaining Solution
by Smith, L.

1996

96-34 Social Learning in a Changing World
by Smith, L
96-33 Good Jobs Versus Bad Jobs : Theory and Some Evidence
by Acemoglu, D
96-32 Why Did the West Extend the Franchise? Inequality and Growth in Historical Perspetive
by Acemoglu, D
96-30 Disorganization
by Blanchard, O & Kremer, M
96-29 What We Know and Do Not Know about the Natural Rate of Unemployment
by Blanchard, O & Katz, L
96-28 Continuous Training in Germany
by Pischke, J-S
96-27 Conditional Independance in Sample Selection Models
by Angrist, J.D.
96-26 Technology, Unemployment and Efficiency
by Acemoglu, D
96-25 The Macroeconomics of Specificity
by Caballero, R-J & Hammour, M-L
96-24 Characteristics of Demand for Pharmaceutical Products : an Examination of four Cephalosporins
by Ellison, S & Cockburn, I & Griliches, A & Hausman, J
96-23 Wage Inequality and Segregation by Skill
by Kremer, M & Maskin, E
96-22 Comparative Statics under Uncertainty : Single Crossing Properties and Log-Supermodularity
by Athey, S
96-21 Private and Public Supply of Liquidity
by Holmstrom, B & Tirole, J
96-20 Do Rational Traders Frenzy?
by Smith, L
96-19 Pathological Outcomes of Observational Learning
by Smith, L. & Sorensen, P.
96-18 How Much Does Sorting Increase Inequality?
by Kremer, M.
96-17 Elephants
by Kremer, M. & Morcom, C.
96-16 An Inequality for Vector-Valued Martingales and Its Applications
by Bai, J.
96-15 Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence
by Acemoglu, D.
96-14 Fixed Costs: The Demise of Marginal q
by Caballero, R.J.
96-13 A Note on Spurious Break and Regime Shift in Cointegrating Relationship
by Bai, J.
96-12 The Returns to Computer Use Revisited: Have Pencils Changed the Wage Structure Too?
by Dinardo, J.E. & Pischke, J.S.
96-11 A Representative Consumer Theory of Distribution
by Caselli, F. & Ventura, J.
96-10 Exports and Success in German Manufacturing
by Bernard, A. & Wagner, J.
96-9 Informational Herding as Experimentation Deja Vu
by Smith, L. & Sorensen, P.
96-8 Agency Costs in the Process of Development
by Acemoglu, D. & Zilibotti, F.
96-7 Why Do Firms Train? Theory and Evidence
by Acemoglu, D. & Pischki, J.S.
96-6 On the Irrelevance of Trade Timing
by Smith, L.
96-5 Property Rights, Corruption and the Allocation of Talent: A General Equilibrium Approach
by Acemoglu, D. & Verdier, T.
96-4 Basins of Attraction, Long Run Equilibria, and the Speed of Step-by- Step Evolution
by Ellison, G.
96-3 Risk Taking by Mutual Funds as a Response to Incentives
by Chevalier, J. & Ellison, G.
96-2 Stock Ownership Patterns, Stock Market Fluctuations, and Consumption
by Poterba, J.M. & Samwick, A.A.
96-1 Characterizing Properties of Stochastic Objective Functions
by Athey, S.

1995

95-27 Is It Beautiful to Be Small, Or Is It a Burden?
by Eckaus, R.S.
95-26 Two views of the British Industrial Revolution
by Peter Temin
95-25 Matching, Heterogeneity and the Evolution of Income Distribution
by Daron Acemoglu
95-24 Asymmetric Business Cycles: Theory and Evidence
by Daron Acemoglu & Andrew Scott
95-23 Economic Reform & Opening of the Chinese Economy Trade and Finance to International
by Richard S. Eckaus
95-22 The Metamorphosis of Giants: China & India in Transition
by Richard S. Eckaus
95-21 On the Ills of Adjustment
by Ricardo J. Caballero & Mohamad L. Hammour
95-20 Validating the Conjectural Variation Method: The Sugar Industry, 1890-1914
by David Genesove & Wallace P. Mullin
95-19 Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources
by T. Jappelli & J-S Pischke & N.S. Souleles
95-18 Estimating Multiple Breaks One at a Time
by Jushan Bai
95-17 Estimating & Testing Linear Models with Multiple Structural Changes
by Jushan Bai & Pierre Perron
95-16 Short-Run Demand for Palestinian Labor
by Joshua D. Angrist
95-15 A Statistical Analysis of Crime Against Foreigners in Unified Germany
by Alan B. Krueger & Jorn-Steffen Pischke
95-14 Cross-Sectional Dynamics in a Two-Sided Matching Model
by Lones Smith
95-13 Convergence Rates & Asymptotic Normality Estimators
by Whitney K. Newey
95-12 Was Prometheus Unbound by Chance? Diversification & Growth
by Daron Acemoglu & Fabrizio Zilibotti
95-6 Managing Incentives: On the Near Optimality of Linearity
by Peter Diamond
95-5 The Economic Returns to Schooling in the West Bank and Gaza Strip
by Joshua D. Angrist
95-4 Productivity and Convergence Across U.S. Industries
by Andrew B. Bernard & Charles I. Jones
95-3 Optimal Job Search in a Changing World
by Lones Smith

1994

95-11 Access Pricing and Competition
by J-J. Laffont & J. Tirole
95-10 A Note on Environmental Innovation
by J-J. Laffont & J. Tirole
95-9 Pollution Permits and Compliance Strategies
by J-J. Laffont & J. Tirole
95-8 Formal and Real Authority in Organizations
by Philippe Aghion & Jean Tirole
95-7 Exporters, Jobs and Wages in U.S. Manufacturing: 1976-1987
by Andrew B. Bernard & J. Bradford Jensen
95-2 Superstars in the NBA: Economic Value and Policy
by J.Hausman & G. Leonard
95-1 Financial Intermediation, Loanable Funds and the Real Sector
by Bengt Holmstrom & Jean Tirole
94-32 Explaining Investment Dynamics in U.S. Manufacturing: Generalized (S,s) Approach
by Caballero, R.J.
94-31 Access Pricing and Competition
by Jean-Jacques Laffont & Jean Tirole
94-30 Exporters, Skill Upgrading, and the Wage Gap
by Bernard, A.B. & Jensen, J.B.
94-29 On the Near Optimality of Linear Incentives
by Peter Diamond
94-28 The Risk Premium Hypothesis and Two-Part Tariff Contract Design: Some Empirical Evidence
by Chisholm, D.C.
94-27 Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach
by Ellison, G. & Glaeser, E.L.
94-26 Profit-Sharing Versus Fixed-Payment Contracts: Evidence from the Motion- Pictures Industry
by Chisholm, D.C.
94-25 An Exemple of Non-Martingale Learning
by Smith, L. & Sorensen, P.
94-24 Pathological Models of Observational Learning
by Smith, L. & Sorensen, P.
94-23 Search in the Labor market: Incomplete Contracts and Growth
by Acemoglu, D.
94-22 Corporate Control and Balance of Powers
by Acemoglu, D.
94-21 Valuation of New Goods Under Perfect and Imperfect Competition
by Hausman, J.A.
94-20 Insulations of pensions from Political Risk
by Diamond, P.
94-19 Misclassification of Dependent Variable in a Discrete Response Setting
by Hausman, J.A. & Morton, F.M.S.
94-18 On the Timing and Efficiency of Creative Distribution
by Caballero, R.J. & Hammour, M.L.
94-17 Necessary and Sufficient Conditions for the Perfect Finite Horizon Folk Theorem
by Smith, L.
94-16 Education, Income Distribution, and Growth: The Local Connection
by Benabou, R.
94-15 Social Mobility and Redistributive Politics
by Thomas Piketty
94-14 Optimal Income Taxation: An Exemple with a U-Shaped Pattern of Optimal Marginal Tax Rates
by Diamond, P.
94-13 Normal and Real Authority in Organizations
by Philippe Aghion & Jean Tirole
94-12 Comparing Apples to Oranges: Productivity Convergence & Measurement across Industries & Countries
by Andrew B. Bernard & Charles I. Jones
94-11 Saving Babies: The Efficacy and Cost of Recent Expansions of Medicaid Eligibility for Pregnant Women
by Gruber, J. & Currie, J.
94-10 Tax Incentives and the Decision to Purchase Health Insurance: Evidence from the Self-Employed
by Gruber, J. & Poterba, J.
94-9 Monitoring and Collusion: "Carrots" versus "Sticks" in the Control of Auditors
by Daron Acemoglu
94-08 Wages and Employment Effects of Immigration to Germany: An Analysis Based on Local Labor Markets
by Pischke, J.S. & Velling, J.
94-07 Stochastic Equicontinuity and Weak Convergence of Unbounded Sequential Empirical Proceses
by Bai, J.
94-06 Estimation of Structural Change Based on Wald-Type Statistics
by Bai, J.
94-05 The Labor Market Efects of Introducing National Health Insurance: Evidence from Canada
by Gruber, J. & Hanratty, M.
94-04 Health Insurance Availability and the Retirement Decision
by Gruber, J. & Madrian, B.C.
94-03 Limited Insurance Portability and Job Mobility: The Effects of Public Policy on Job-Lock
by Gruber, J. & Madrian, B.C.
94-02 Equity and Time to Sale in the Real Estate Market
by Genesove, D. & Mayer, C.J.
94-01 Measurement Error and Earnings Dynamics: Some Estimates from the PSID Validation Study
by Pischke, J.S.

1993

93-20 Social Mobility & Corporate Development
by Philippe Aghion & Thomas Piketty
93-19 The Folk Theorem for Repeated Games
by Abreu, D. & Dutta, P.K. & Smith, L.
93-18 Flexible Simulation Moment Estimation of Nonlinear Errors- in- Variables Models
by Newey, W.K.
93-17 Productivity Across Industries and Countries: Time Series Theory and Evidence
by Bernard, A.B. & Jones, C.I.
93-16 Individual Income, Incomplete Information, and Aggregate Consumption
by Pischke, J.S.
93-15 Credit Market Imperfections and Separation of Ownership from Control as a Strategic Decision
by Acemoglu, D.
93-14 Labor Market Imperfections and Thick Market Externalities from Innovations
by Acemoglu, D.
93-13 A Theory of Collective Reputations with Applications to the Persistence of Corruption and to Firm Quality
by Tirole, J.
93-12 On the Management of Innovation
by Aghion, P. & Tirole, J.
93-11 The Internal Organization of Government
by Tirole, J.
93-10 Convergence Rates for Series Estimators
by Newey, W.K.
93-9 Testing for Parameter Constancy in Linear Regressions: Empirical Distribution Function Approach
by Bai, J.
93-8 On the Speed of Transition in Central Europe
by Aghion, P. & Blanchard, O.J.
93-7 Convergence in International Output
by Bernard, A.B. & Durlauf, S.N.
93-6 Necessary and Sufficient Conditions for the Perfect Finite Horizon Folk Theorem
by Smith, L.
93-5 Consumption and the Recession of 1990-1991
by Blanchard, O.
93-1 Testing the Internal Consistency of Contingent Valuation Surveys
by Diamond, P.

1992

93-4 Heterogeneity, Stratification, and Growth
by Benabou, R.
93-3 Kernel Estimation of Partial Means and a General Variance Estimator
by Newey, W.K.
93-2 Nonparametric Estimation of Exact Consumers Surplus and Deadweight Loss
by Hausman, J.A. & Newey, W.K.
92-19 The Efficiency of a Group-Specific Mandated Benefit: Evidence from Health Insurance Benefits for Maternity
by Gruber, J.
92-18 State Mandated Benefits and Employer Provided Health Insurance
by Gruber, J.
92-17 Privatization and Management Incentives in the Transition Period in Eastern Europe
by Schmidt, K.M. & Schnitzer, M.
92-16 Income Inequality and the Incomes of Very High Income Taxpayers: Evidence from Tax Returns
by Feenberg, D.R. & Poterba, J.M.
92-15 Folk Theorems for Repeated Games: A NEU Condition
by Abreu, D. & Dutta, P.K. & Smith, L.

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